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The Latest Breaking News from Michael McGrath

Michael McGrath says he won't be 'bullied' by Fine Gael during budget negotiations

Finance Minister Michael McGrath says that there will be lots of "kites flown" between now and the budget which will be held in October.

Irish Mirror

Leo Varadkar issues major tax update for middle-income earners ahead of Budget

Asked by the Irish Mirror whether or not the projected surplus cleared the way for the 30% tax rate, Mr Varadkar warned that some of the money will need to be kept for tougher times. However, he vowed that there will be a tax package for middle-income earners in the…

Irish Mirror

‘Stability and certainty are big ticks’: Northern Ireland firms on protocol deal

Businesses relieved after headaches of post-Brexit trade agreement – but there is still progress to be made

The Guardian - UK

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At last, a protocol deal, but we are no further away from Brexit’s poisonous legacy

The calamity of an EU-UK trade war might now be avoided. But Britain remains as damaged as ever, says Guardian columnist Polly Toynbee

The Guardian - UK

Overwhelming majority of Irish Mirror readers feel new cost-of-living measures 'not enough'

We asked readers if they thought the Government's cost-of-living measures are helping enough

Irish Mirror

Social welfare Ireland: €200 cost of living payment for pensioners and carers as families get €100 boost

Questions still remain as to whether families are in line to receive an extra energy credit later this year

Dublin Live

New cost of living package to include €200 lump sum for social welfare recipients among other measures

This was described by senior Government sources as 'another Christmas bonus' and it is expected to be agreed by the rest of the Cabinet at the sign-off meeting on Tuesday morning. And every family in the country is in line for an immediate €100 bonus to help pay for the…

Irish Mirror

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Spring cost of living package: All of the measures and cash supports in new Government giveaway

The top brass of Government is meeting tonight to hammer out the final details of the latest plan which will see some schemes extended into the spring/summer and others dropped. Here's what to expect from tomorrow's giveaway.

Irish Mirror

Social welfare Ireland: Taoiseach says cost of living payments cannot 'go on forever'

Taoiseach Leo Varadkar said that current supports brought in due to inflation cannot "go on forever", suggesting that supports will dwindle for families ahead of the autumn Budget

Dublin Live

Every person in Ireland owes €44,000 each as part of the national debt

This makes Irish people some of the most indebted in the world

Irish Mirror

Irish national debt stands at 44,000 euro per person, figures show

The Department of Finance said that it is one of the highest per capita debt burdens in the world.

The Independent UK

Further interest hikes announced in major blow to mortgage payers

This is the fifth interest hike since last summer which will put more pressure on households struggling to keep afloat during the cost of living crisis

Dublin Live

Mortgage holders to pay hundreds more per year after rate hike with another on the way next month

It means hundreds of thousands of households are waking up to the bad news

Irish Mirror

'I fear that businesses will close' - Irish shopkeeper shocked by €14,000 electricity bill

Mum-of-three Flora, 34, who employs up to 22 people, said the charges are the “biggest electricity bills I have ever seen in my life”

Irish Mirror

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Irish Mirror

Calls for new tax as richest 1% of Irish people own more than a quarter of country’s wealth

Oxfam Ireland is calling for a tax on Irish wealth at graduated rates of 2%, 3% and 5% above a threshold of 4.7 million euro, which it said would raise billions annually 'with the potential to transform Irish public services'

The Independent UK

Richest 1% of Irish people own more than a quarter of country’s wealth – Oxfam

The charity said the richest 1% in Ireland have gained 70 times more wealth than the bottom 50% in the last 10 years.

The Independent UK

Ireland’s rate of inflation has peaked – finance minister

Michael McGrath welcomed the figures but said that there ‘is still a long way to go to’ before inflation is fully under control.

Irish Mirror

Rent tax credit Ireland: How to claim €500 payment as Budget 2023 scheme opens from today

A raft of other tax changes announced in the Budget also come into effect from January 1 and will see a boost to over 1.5m people’s pay cheques from this month onwards.

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Irish Mirror

Transport Minister hints at extension on cost of living supports such as cuts in excise for motorists

“Michael McGrath (Finance Minister) will have the key decision on that"

Irish Mirror

'Unprecedented strain' on emergency departments not acceptable – minister

Sinn Fein leader Mary Lou McDonald said the HIQA report is a 'damning indictment' of Government health policy

Irish Mirror

Government's 0.3% vacant property tax is 'laughable', Dail hears

'If the value of your home will increase by more than 10% if you leave it vacant, how on earth is a tax of 0.3% an incentive to bring it back into use?'

Irish Mirror

Paschal Donohoe re-elected as head of Eurogroup

The Fine Gael TD’s unopposed run for a second term heading up the gathering of euro-using countries’ finance ministers comes ahead of an unusual Cabinet reshuffle

The Independent UK

Paschal Donohoe is re-elected as head of Eurogroup

It comes after some wrangling within the Irish government over how an unusual Cabinet reshuffle may affect Mr Donohoe’s second term.

Irish Mirror

Irish Government 'can't rule out' possibility of recession next year

Minister McGrath said the Government was “very open” about the risks facing the Irish economy when the Budget was announced on September 27.

Irish Mirror

Social welfare scheme to open to another 81,000 people next month

Social Protection Minister Heather Humphreys has confirmed that eligibility for the fuel allowance will be widened to bring an extra 81,000 people on board.

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